Covenant Historical Financial Ratios

CVLG Stock

USD 24.91 0.06 0.24%

Covenant Logistics is presently reporting on over 104 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Ptb Ratio of 1.75, Capex To Depreciation of 2.94 or Pb Ratio of 1.75 will help investors to properly organize and evaluate Covenant Logistics Group, financial condition quickly.

Quick Ratio Current Ratio

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Covenant Logistics Group,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

About Covenant Financial Ratios Analysis

Covenant Logistics Group,Financial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Covenant Logistics investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Covenant financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Covenant Logistics history.

Covenant Logistics Financial Ratios Chart

At this time, Covenant Logistics' PB Ratio is most likely to slightly decrease in the upcoming years. The Covenant Logistics' current Net Income Per Share is estimated to increase to 1.43, while ROIC is projected to decrease to 0.04.

Price To Sales Ratio Ptb Ratio Pb Ratio Inventory Turnover

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Price To Sales Ratio

Price to Sales Ratio is figured by comparing Covenant Logistics Group, stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Covenant Logistics sales, a figure that is much harder to manipulate than other Covenant Logistics Group, multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Most ratios from Covenant Logistics' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Covenant Logistics Group, current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Covenant Logistics Group,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

	2022	2023	2024	2025 (projected)
PTB Ratio	1.38	1.49	1.71	1.75
Price To Sales Ratio	0.43	0.54	0.63	0.51

Ptb Ratio Price To Sales Ratio

Covenant Logistics fundamentals Correlations

	Price To Sales Ratio	Ptb Ratio	Capex To Depreciation	Pb Ratio	Roic	Inventory Turnover	Net Income Per Share	Days Of Inventory On Hand	Payables Turnover	Pocfratio	Interest Coverage	Capex To Operating Cash Flow	Pfcf Ratio	Days Payables Outstanding	Income Quality	Roe	Ev To Operating Cash Flow	Pe Ratio	Return On Tangible Assets	Ev To Free Cash Flow	Earnings Yield	Intangibles To Total Assets	Current Ratio	Receivables Turnover	Debt To Equity	Revenue Per Share
Price To Sales Ratio		0.44	-0.77	0.44	0.59	-0.33	0.08	0.55	-0.62	0.78	-0.03	0.43	-0.11	0.92	-0.18	0.2	0.45	0.15	0.28	-0.07	-0.01	0.08	0.14	0.08	-0.31	-0.18
Ptb Ratio	0.44		-0.29	1.0	0.25	-0.62	-0.28	0.73	0.05	0.64	-0.06	0.6	0.23	0.32	0.05	-0.3	0.72	0.26	-0.21	0.26	-0.44	-0.19	-0.58	0.35	0.62	-0.14
Capex To Depreciation	-0.77	-0.29		-0.29	-0.38	0.22	0.15	-0.56	0.52	-0.46	0.19	-0.05	-0.08	-0.82	0.03	-0.02	-0.16	-0.09	-0.11	-0.1	0.02	0.24	-0.13	0.13	0.25	0.58
Pb Ratio	0.44	1.0	-0.29		0.25	-0.62	-0.28	0.73	0.05	0.64	-0.06	0.6	0.23	0.32	0.05	-0.3	0.72	0.26	-0.21	0.26	-0.44	-0.19	-0.58	0.35	0.62	-0.14
Roic	0.59	0.25	-0.38	0.25		-0.3	0.42	0.34	-0.07	0.23	0.54	0.07	0.03	0.35	-0.04	0.62	0.01	0.18	0.6	0.04	0.6	-0.21	0.41	-0.31	-0.17	-0.16
Inventory Turnover	-0.33	-0.62	0.22	-0.62	-0.3		0.58	-0.81	-0.18	-0.35	0.39	-0.65	0.3	-0.23	-0.14	0.42	-0.54	-0.21	0.48	0.23	0.44	0.48	0.05	-0.18	-0.57	0.44
Net Income Per Share	0.08	-0.28	0.15	-0.28	0.42	0.58		-0.53	-0.22	-0.1	0.84	-0.4	0.28	-0.02	-0.18	0.86	-0.36	-0.05	0.94	0.22	0.8	0.5	0.35	0.03	-0.54	0.62
Days Of Inventory On Hand	0.55	0.73	-0.56	0.73	0.34	-0.81	-0.53		-0.07	0.55	-0.32	0.65	-0.15	0.48	-0.07	-0.45	0.64	0.04	-0.38	-0.11	-0.41	-0.53	-0.23	0.01	0.52	-0.62
Payables Turnover	-0.62	0.05	0.52	0.05	-0.07	-0.18	-0.22	-0.07		-0.53	0.06	-0.05	0.04	-0.78	0.6	-0.06	-0.19	0.42	-0.28	0.03	0.06	-0.56	-0.07	-0.21	0.61	-0.2
Pocfratio	0.78	0.64	-0.46	0.64	0.23	-0.35	-0.1	0.55	-0.53		-0.21	0.69	0.03	0.72	-0.28	-0.19	0.86	0.11	-0.01	0.06	-0.38	0.26	-0.29	0.31	0.03	0.07
Interest Coverage	-0.03	-0.06	0.19	-0.06	0.54	0.39	0.84	-0.32	0.06	-0.21		-0.39	0.33	-0.2	-0.07	0.76	-0.36	-0.02	0.81	0.26	0.79	0.17	0.14	-0.2	-0.19	0.38
Capex To Operating Cash Flow	0.43	0.6	-0.05	0.6	0.07	-0.65	-0.4	0.65	-0.05	0.69	-0.39		-0.31	0.33	-0.15	-0.43	0.87	0.12	-0.39	-0.26	-0.54	-0.04	-0.27	0.29	0.46	-0.1
Pfcf Ratio	-0.11	0.23	-0.08	0.23	0.03	0.3	0.28	-0.15	0.04	0.03	0.33	-0.31		-0.06	0.09	0.23	-0.04	0.15	0.3	0.99	0.21	0.27	-0.31	0.13	0.07	0.22
Days Payables Outstanding	0.92	0.32	-0.82	0.32	0.35	-0.23	-0.02	0.48	-0.78	0.72	-0.2	0.33	-0.06		-0.32	0.05	0.36	-0.06	0.17	-0.02	-0.15	0.18	0.12	0.18	-0.39	-0.19
Income Quality	-0.18	0.05	0.03	0.05	-0.04	-0.14	-0.18	-0.07	0.6	-0.28	-0.07	-0.15	0.09	-0.32		0.07	-0.15	0.89	-0.14	0.1	0.01	-0.33	0.05	-0.05	0.26	-0.23
Roe	0.2	-0.3	-0.02	-0.3	0.62	0.42	0.86	-0.45	-0.06	-0.19	0.76	-0.43	0.23	0.05	0.07		-0.5	0.19	0.93	0.19	0.9	0.21	0.56	-0.18	-0.59	0.29
Ev To Operating Cash Flow	0.45	0.72	-0.16	0.72	0.01	-0.54	-0.36	0.64	-0.19	0.86	-0.36	0.87	-0.04	0.36	-0.15	-0.5		0.16	-0.35	-0.01	-0.59	0.09	-0.48	0.36	0.47	0.01
Pe Ratio	0.15	0.26	-0.09	0.26	0.18	-0.21	-0.05	0.04	0.42	0.11	-0.02	0.12	0.15	-0.06	0.89	0.19	0.16		0.03	0.16	0.03	-0.14	0.06	0.07	0.2	-0.09
Return On Tangible Assets	0.28	-0.21	-0.11	-0.21	0.6	0.48	0.94	-0.38	-0.28	-0.01	0.81	-0.39	0.3	0.17	-0.14	0.93	-0.35	0.03		0.24	0.86	0.36	0.48	-0.06	-0.61	0.4
Ev To Free Cash Flow	-0.07	0.26	-0.1	0.26	0.04	0.23	0.22	-0.11	0.03	0.06	0.26	-0.26	0.99	-0.02	0.1	0.19	-0.01	0.16	0.24		0.15	0.28	-0.33	0.14	0.09	0.2
Earnings Yield	-0.01	-0.44	0.02	-0.44	0.6	0.44	0.8	-0.41	0.06	-0.38	0.79	-0.54	0.21	-0.15	0.01	0.9	-0.59	0.03	0.86	0.15		0.03	0.6	-0.43	-0.47	0.13
Intangibles To Total Assets	0.08	-0.19	0.24	-0.19	-0.21	0.48	0.5	-0.53	-0.56	0.26	0.17	-0.04	0.27	0.18	-0.33	0.21	0.09	-0.14	0.36	0.28	0.03		-0.06	0.46	-0.47	0.86
Current Ratio	0.14	-0.58	-0.13	-0.58	0.41	0.05	0.35	-0.23	-0.07	-0.29	0.14	-0.27	-0.31	0.12	0.05	0.56	-0.48	0.06	0.48	-0.33	0.6	-0.06		-0.15	-0.59	-0.08
Receivables Turnover	0.08	0.35	0.13	0.35	-0.31	-0.18	0.03	0.01	-0.21	0.31	-0.2	0.29	0.13	0.18	-0.05	-0.18	0.36	0.07	-0.06	0.14	-0.43	0.46	-0.15		0.13	0.51
Debt To Equity	-0.31	0.62	0.25	0.62	-0.17	-0.57	-0.54	0.52	0.61	0.03	-0.19	0.46	0.07	-0.39	0.26	-0.59	0.47	0.2	-0.61	0.09	-0.47	-0.47	-0.59	0.13		-0.26
Revenue Per Share	-0.18	-0.14	0.58	-0.14	-0.16	0.44	0.62	-0.62	-0.2	0.07	0.38	-0.1	0.22	-0.19	-0.23	0.29	0.01	-0.09	0.4	0.2	0.13	0.86	-0.08	0.51	-0.26

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Covenant Logistics Account Relationship Matchups

Covenant Logistics fundamentals Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Ptb Ratio	0.88	1.27	1.38	1.49	1.71	1.75
Capex To Depreciation	1.44	0.65	1.75	3.11	2.8	2.94
Pb Ratio	0.88	1.27	1.38	1.49	1.71	1.75
Roic	(0.0823)	0.0332	0.0532	0.0527	0.0606	0.0386
Inventory Turnover	233.73	270.46	293.19	193.76	174.39	94.78
Net Income Per Share	(0.41)	1.81	3.62	2.12	1.37	1.43
Days Of Inventory On Hand	1.56	1.35	1.24	1.88	2.17	2.06
Payables Turnover	23.0	30.05	30.41	28.33	25.5	28.06
Sales General And Administrative To Revenue	0.0952	0.11	0.0698	0.077	0.0947	0.2
Pocfratio	4.08	6.07	3.26	7.08	8.14	5.95
Interest Coverage	(8.29)	8.69	15.58	7.38	3.3	2.02
Capex To Operating Cash Flow	1.49	0.48	0.63	2.56	2.95	2.37
Pfcf Ratio	(8.29)	11.71	8.83	(4.52)	(4.07)	(4.28)
Days Payables Outstanding	15.87	12.15	12.0	12.88	14.82	17.2
Income Quality	(1.48)	1.21	1.47	1.55	1.4	1.41
Roe	0.0242	(0.0486)	0.17	0.29	0.14	0.13
Ev To Operating Cash Flow	5.71	6.96	3.95	10.51	12.09	8.78
Pe Ratio	(18.21)	7.31	4.77	10.88	19.96	10.54
Return On Tangible Assets	(0.0232)	0.1	0.16	0.0709	0.0638	0.067
Ev To Free Cash Flow	(11.62)	13.44	10.72	(6.72)	(6.05)	(6.35)
Earnings Yield	(0.0549)	0.14	0.21	0.0919	0.0501	0.031
Intangibles To Total Assets	0.0818	0.0991	0.0967	0.13	0.18	0.17
Current Ratio	1.11	1.32	1.43	1.09	1.26	1.68
Receivables Turnover	7.69	6.48	9.48	7.18	8.26	13.65
Debt To Equity	0.38	0.21	0.48	0.73	0.65	0.74
Revenue Per Share	24.15	31.13	40.55	42.29	43.01	45.16
Days Sales Outstanding	47.48	56.3	38.52	50.81	45.73	38.1
Book Value Per Share	8.37	10.41	12.57	15.46	13.91	14.61
Free Cash Flow Yield	(0.12)	0.0854	0.11	(0.22)	(0.2)	(0.21)
Operating Cash Flow Per Share	1.82	2.18	5.31	3.25	2.93	1.55
Stock Based Compensation To Revenue	0.002707	0.008661	0.005413	0.006434	0.00579	0.00608
Ev To Sales	0.43	0.49	0.52	0.81	0.93	0.74
Free Cash Flow Per Share	(0.89)	1.13	1.96	(5.09)	(4.58)	(4.35)
Capex To Revenue	0.0849	0.15	0.11	0.0337	0.0826	0.19
Cash Per Share	0.24	0.25	2.29	0.0879	0.0791	0.0752
Net Debt To E B I T D A	1.86	0.84	1.05	1.94	1.75	2.06
Tangible Book Value Per Share	6.44	8.53	9.02	8.74	7.87	4.38

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When determining whether Covenant Logistics Group, is a strong investment it is important to analyze Covenant Logistics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Covenant Logistics' future performance. For an informed investment choice regarding Covenant Stock, refer to the following important reports:

How To Invest In Covenant

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Is Covenant Stock a good investment?

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What is Covenant Logistics' Net Worth?

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Is Cargo Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Covenant Logistics. If investors know Covenant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Covenant Logistics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.46)

Earnings Share

1.28

Revenue Per Share

43.01

Quarterly Revenue Growth

0.012

Return On Assets

0.0407

The market value of Covenant Logistics Group, is measured differently than its book value, which is the value of Covenant that is recorded on the company's balance sheet. Investors also form their own opinion of Covenant Logistics' value that differs from its market value or its book value, called intrinsic value, which is Covenant Logistics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Covenant Logistics' market value can be influenced by many factors that don't directly affect Covenant Logistics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Covenant Logistics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Covenant Logistics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Covenant Logistics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Price To Sales Ratio	Ptb Ratio
Capex To Depreciation	Pb Ratio
Roic	Inventory Turnover
Net Income Per Share	Days Of Inventory On Hand
Payables Turnover	Sales General And Administrative To Revenue
Research And Ddevelopement To Revenue	Pocfratio
Interest Coverage	Capex To Operating Cash Flow
Pfcf Ratio	Days Payables Outstanding
Income Quality	Roe
Ev To Operating Cash Flow	Pe Ratio
Return On Tangible Assets	Ev To Free Cash Flow
Earnings Yield	Intangibles To Total Assets
Current Ratio	Receivables Turnover
Debt To Equity	Revenue Per Share
Debt To Assets	Dividend Yield
Days Sales Outstanding	Book Value Per Share
Free Cash Flow Yield	Invested Capital
Operating Cash Flow Per Share	Average Payables
Stock Based Compensation To Revenue	Ev To Sales
Free Cash Flow Per Share	Average Inventory
Capex To Revenue	Cash Per Share
Payout Ratio	Net Current Asset Value
Tangible Asset Value	Net Debt To E B I T D A
Tangible Book Value Per Share	Graham Number
Shareholders Equity Per Share	Capex Per Share
Graham Net Net	Average Receivables
Interest Debt Per Share	Enterprise Value Over E B I T D A
Short Term Coverage Ratios	Price Earnings Ratio
Price Book Value Ratio	Price Earnings To Growth Ratio
Days Of Payables Outstanding	Price To Operating Cash Flows Ratio
Price To Free Cash Flows Ratio	Pretax Profit Margin
Ebt Per Ebit	Operating Profit Margin
Effective Tax Rate	Company Equity Multiplier
Long Term Debt To Capitalization	Total Debt To Capitalization
Return On Capital Employed	Debt Equity Ratio
Ebit Per Revenue	Quick Ratio
Dividend Paid And Capex Coverage Ratio	Net Income Per E B T
Cash Ratio	Days Of Inventory Outstanding
Free Cash Flow Operating Cash Flow Ratio	Cash Flow Coverage Ratios
Price To Book Ratio	Fixed Asset Turnover
Capital Expenditure Coverage Ratio	Price Cash Flow Ratio
Debt Ratio	Cash Flow To Debt Ratio
Price Sales Ratio	Return On Assets
Asset Turnover	Net Profit Margin
Gross Profit Margin	Price Fair Value
Return On Equity	Operating Cycle
Dividend Payout Ratio	Cash Conversion Cycle
Operating Cash Flow Sales Ratio	Days Of Sales Outstanding
Enterprise Value Multiple

Covenant Historical Financial Ratios

About Covenant Financial Ratios Analysis

Covenant Logistics Financial Ratios Chart

Price To Sales Ratio

Ptb Ratio

Inventory Turnover

Covenant Logistics fundamentals Correlations

Covenant Logistics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Covenant Logistics fundamentals Accounts

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Pb Ratio	+ 1.0	Ptb Ratio
Ev To Free Cash Flow	+ 0.99	Pfcf Ratio
Return On Tangible Assets	+ 0.94	Net Income Per Share
Return On Tangible Assets	+ 0.93	Roe
Days Payables Outstanding	+ 0.92	Price To Sales Ratio
Earnings Yield	+ 0.9	Roe

Days Payables Outstanding	- 0.82	Capex To Depreciation
Days Of Inventory On Hand	- 0.81	Inventory Turnover
Days Payables Outstanding	- 0.78	Payables Turnover
Capex To Depreciation	- 0.77	Price To Sales Ratio
Capex To Operating Cash Flow	- 0.65	Inventory Turnover
Revenue Per Share	- 0.62	Days Of Inventory On Hand